Producers Kinross Gold (TSX: K) and Calibre Mining (TSX: CXB) both hit 52-week highs in Toronto on Friday, gaining 6.3% and 11.7% respectively.Kinross had announced a three-year 20% guidance boost on Thursday and declared its first dividend since 2013.Gold is up slightly, above US$1,949 an ounce on the spot market.Market futures were pointing lower to start the week following a mainly muted finish...Read More
Along with tech stocks, metals and mining stocks have also notably boosted Canadian stock markets this year. While the TSX Index has soared 40%, miner stocks have skyrocketed around 150% since the epic selloff in March.Interestingly, that also falls short when we compare it with two Canadian metal names. Shares of Canadian miners Fortuna Silver Mines (TSX:FVI) and New Gold (TSX:NGD) have more than...Read More
I often remind investors that you don’t require a lot of cash to build wealth. Even a small and regular investment in good quality stocks can go a long way. So, if you’re looking to participate in the stock market with a small amount, consider buying the shares of these high-growth stocks trading under $20.Kinross GoldKinross Gold’s (TSX:K)(NYSE:KGC) growing low-cost production a...Read More
The company had reported the fatal accident last Monday, saying a kibble bucket had fallen down Shaft 1 and struck the northern side of the working platform, where four employees were conducting routine water-pumping activities.At the time, it said one employee was rescued, two had died but could not be recovered as the conditions were too hazardous and a fourth miner was missing.The rescued miner...Read More
Tarku Resources Ltd (TSX-V: TKU) is a sustainable project generator, focused on discoveries for precious and base metals, using modern exploration techniques, in the mineral-rich Canadian landscape. The Company is currently focused on their wholly owned "3As" Gold projects, namely Apollo (Gold), Atlas (Gold-Zinc-Silver-Copper) and Admiral (Gold), located in the Matagami greenstone belt, which has...Read More
The coronavirus pandemic has boosted public and corporate interest in contactless and cashless payment options.As a result, new payment systems like Tap & Go have been popping up in retail stores faster than ever over the past few months.Nevertheless, there are definitely some minor kinks in Tap-&-Go payment systems that need to be worked out before we can really call it "contactless."Tap, Touch,...Read More
Gold-focused royalty and streaming company Maverix Metals (TSX: MME; NYSE-AM: MMX) has entered into a binding agreement with Newmont to acquire a portfolio of 11 gold royalties on preproduction assets in the Americas.In exchange for the portfolio, Maverix will issue 12 million common shares to Newmont (TSX: NGT; NYSE: NEM) and pay the major US$15 million in cash - the two components are valued at...Read More
Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) held its first traditional diamond sale since the coronavirus pandemic began on Sept. 19 in Antwerp. And while the sales figures are modest, the resumption of diamond sales is a major positive development for the diamond sector, which has been largely shut down by Covid-19 travel restrictions, lower demand and low prices.Mountain Province, which...Read More
Wheaton Precious Metals (TSX: WPM; NYSE: WPM), one of the world's largest gold and silver streaming companies, plans to list on the London Stock Exchange (LSE) to boost exposure to European investors seeking precious metals deals.The Vancouver-based firm, which has a market capitalization of about $23 billion, is listed in Toronto and New York, where its shares have climbed about 75% this year.Whe...Read More
The S&P/TSX Composite Index fell 0.15% to 16,198.97 during the Sept. 14-18 trading week. The S&P/TSX Global Mining Index rose 0.52% to 101.18, and the S&P/TSX Global Base Metals Index climbed 4.60% to 111.15. Spot gold rose US$8.80 per oz., or 0.45%, to US$1,948.90 per oz., and the S&P/TSX Global Gold Index dropped by 1.14% to 376.32.MAG Silver rose $2.66 to $23.36 per share. The company announced...Read More
The Dow Jones Industrial Average fell 0.03% to finish the Sept. 14-18 trading week at 27,657.42 and the S&P 500 Index dropped by 0.84% to 3,319.47. Spot gold climbed US$8.80 per oz., or 0.45%, to US$1,948.90 per ounce from the previous week.Vale was the most heavily traded stock of the week. The company informed its creditors on Sept. 14 that it will repay the outstanding balance of US$5 billion f...Read More
The S&P/TSX Venture Composite Index climbed 1.64% to finish the Sept. 14-18 trading week at 745.37. Spot gold closed the week at US$1,988.90 per oz., up US$8.80 per oz. or 0.45%.Shares of Aurania Resources jumped 86 ? to $4.78. The company announced that drilling has started at its Tsenken N2 copper-silver target at its Lost Cities - Cutucu project in southeastern Ecuador. The company is using a l...Read More
A recent article Gates, Bezos-backed firm searching for cobalt in Canada (www.mining.com, Jul. 7, 2020), highlighted some of the recent positive events for cobalt exploration in Canada and a company that these tech gurus have formed, KoBold Metals.KoBold Metals is a start-up mining venture set to explore for cobalt in Canada, one of the most prolific mining regions in the world. Not only does Can...Read More
The TSX30 just had its first birthday. Last year saw the inaugural showcase for the top-performing TSX stocks in terms of share price. This year’s list was striking not for its differences but for its similarities. While the names got reshuffled, the themes were familiar. Let’s take a look at what made the list and how it compared with last year’s roundup of rocketing stocks.No b...Read More
In order for the gold bull to be sustainable and break out to real all-time highs, it will have to do so alongside a higher dollar.I've repeated this for nearly five years now.Another phrase I've repeated that those around me are probably sick of hearing is, "the U.S. dollar is still the cleanest dirty shirt in the currency basket."Dirty for sure, but the cleanest.I've speculated for years that th...Read More
Standard Lithium, an innovative technology and lithium project development company, marks the official commencement of ...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN rebounded from its retreat to 1038.55 with a nice 32.6 point bounce to 1071.15, for an impressive gain of 3.1%.MACD had a major reversal, going from -7.11 all the way to 2.63, for a gain of 9.74 points. Equally as important is that the MACD fast line (blue) crossed...Read More
Australian nickel-gold miner IGO Ltd on Friday kicked off a review of its 30% stake in the Tropicana gold mine in Western Australia, after receiving unsolicited approaches from a number of interested parties.Read full newsRead More
Australian nickel-gold miner IGO Ltd on Friday kicked off a review of its 30% stake in the Tropicana gold mine in Western Australia, after receiving unsolicited approaches from a number of interested parties.Read full newsRead More
VANCOUVER, British Columbia, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Gold Plus Mining Inc. ("Gold Plus" or the "Company") (CSE :GPMI) (FSE: 1I3) is pleased to announce that it has successfully listed its shares on the Frankfurt Stock Exchange under symbol 1I3 with ISIN: CA38067R1001 and WKN: A2P1BYThe listingRead full newsRead More